30-Year Mortgage Rates approach 7%

30-Year Mortgage Rates approach 7%

If you're in the market for a new property, now is the time to act. Interest rates are steadily rising, and the average rate on a 30-year, fixed-rate mortgage rose for three weeks in a row. Currently at 6.96% up from the previous week’s average 6.90%. The lack of housing inventory is making it more and more difficult to find what you're looking for.

Consequently, although rates are up, the market is booming here in Palm Beach County, we just need more inventory. So if you're interested in selling, please don't hesitate to call. Barry Frette will be there to help you navigate the hurdles, and ensure that you find the best property to suit your needs. 30-Year Mortgage Rates approach 7%! Call Barry today at 561-880-5587 to find a property and lock in the lowest possible interest rate!

Click here to read more about the latest interest rates.

Economists expect the rates to stay right around where they are now, but there are multiple factors that determine what that means for you. If you're in the dark when it comes to mortgage terms and rates, Click Here for a great explanation.

Need assistance with luxury properties? Click Here. For commercial transactions,  Click Here to visit Frette Commercial.

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Barry is a resident of Delray Beach and a Realtor for William Raveis South Florida. He works with buyers and sellers of Luxury Properties & Residential Real Estate with focus on Delray Beach in Palm Beach County. Frette was born and raised in Miami but left in 2004 is now a proud resident of Delray Beach, Florida. He is available 24/7 and goes the extra mile to take care of his clients. For commercial, he specialize in Retail, Office, Industrial and Land Properties. He has a strong network of buyers and sellers, as well as access to the national and local databases. Barry can help you find a site or property to purchase, choose a building or space to lease for your business, market your property to find a tenant, or leverage the Raveis marketing team to help you divest of your property. When assisting residential clients, he relishes developing long-lasting relationships, and takes the time to fulfill the goals of his clients. Whether looking for the perfect home to buy or rent, or when you are selling, Barry takes his time to get the job done efficiently and this will be reflected the first day he begins working with you on your journey. Selling a Real Estate Asset on your own can be an overwhelming task. There's advertising to plan and budget for, private showings to arrange, purchase offers to negotiate, contract contingencies to worry about, and complicated paperwork to fill out. Make it easy on yourself by putting your property in the hands of seasoned professionals. We have extensive experience marketing properties and showing them to their best advantage.

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